# Sumit Gupta

Type: Person

Source: Legal & RegTech Intelligence Brief — https://getlegalbrief.com/entity/sumit-gupta
Canonical HTML page: https://getlegalbrief.com/entity/sumit-gupta

## Timeline

- **2026-03-23T00:38:16Z**: Fraudulent Network Growth — Start of a period where over 1,200 fake websites were identified by the company.
- **2026-03-21**: FIR and Arrests — Mumbai Police arrest founders following a cheating complaint involving Rs 71 lakh.
- **2025-06-15**: $44M Cyberattack — Hackers breach an internal operational account; company offers 25% recovery bounty.
- **2018-04-01**: CoinDCX Founded — Sumit Gupta and Neeraj Khandelwal launch the exchange in India.

## Recent coverage (1 stories)

### CoinDCX Founders Arrested Over Fraud Claims Amidst Brand Impersonation Crisis
2026-03-23 00:38:16 · Sentiment: Negative · Impact: 7/10 · Sources: 2

CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal have been arrested following a First Information Report (FIR) alleging a Rs 71 lakh fraud. The exchange maintains that the arrests are the result of a sophisticated 'impersonation conspiracy' involving over 1,200 fraudulent clone websites mimicking their platform.
Full story: https://getlegalbrief.com/story/coindcx-founders-arrested-fraud-impersonation-claims

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